At this year’s annual gathering, the Chinese legislative body proposed the establishment of a fund to support the development of blockchain technology led by the government.

Litecoin has settled above $42 after a series of downward moves in May when the coin reached the overbought region. The crypto has a major breakdown that plunged it to $39 low.

Since April 29, the bears have overwhelmingly subdued the bulls as buyers failed to break above the downtrend line. The downtrend line shows the resistance levels of the price of Ripple.

Goldman Sachs, the leading global investment banking management multinational firm, is set to host a client call to discuss Bitcoin, inflation, and gold on Wednesday, May 27, at 10:30 am EST according to a leaked invitation letter shared on twitter.

Thailand has been very supportive of the development and application of blockchain technology in recent years. Its Energy Ministry is now launching fresh research to ascertain the use of blockchain technology in its palm oil sector.

Yesterday, BTC made another surprise drop to $8,700 and the support appears to be holding in the meantime. The gradual downward move has been systematic.

In the last 48 hours, Ethereum dropped to $201 after the bulls were rejected at the $212 resistance level. For the past week, Ethereum‘s bulls have attempted to break the $215 resistance and push the price above $227 resistance.

It is indisputable, the dollar is considered the “global currency” due to its wide usage in global savings, trading key commodities such as oil and issuance and settlement of debts. This might not be the case anymore with the massive disruptions brought about by digital currencies.

The COVID-19 global pandemic has forced teams to work from home regardless of what their roles are, while some companies simply suspended operations. The crypto industry, already popular for remote working, is embracing it, but what lies ahead of us should the pandemic come to an end?